Zacks Research Issues Negative Outlook for PAG Earnings

Penske Automotive Group, Inc. (NYSE:PAG) – Equities research analysts at Zacks Research decreased their Q1 2027 EPS estimates for Penske Automotive Group in a research report issued on Thursday, April 9th. Zacks Research analyst Team now expects that the company will earn $3.62 per share for the quarter, down from their prior estimate of $3.84. The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Wednesday, February 11th. The company reported $2.91 EPS for the quarter, missing the consensus estimate of $3.19 by ($0.28). Penske Automotive Group had a net margin of 2.91% and a return on equity of 15.77%. The company had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.62 billion. During the same period last year, the company earned $3.54 earnings per share. Penske Automotive Group’s revenue for the quarter was down 3.8% compared to the same quarter last year.

PAG has been the subject of several other reports. Weiss Ratings cut Penske Automotive Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 16th. Barclays decreased their price target on Penske Automotive Group from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Citigroup lowered their price objective on Penske Automotive Group from $200.00 to $193.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Penske Automotive Group from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.14.

Penske Automotive Group Stock Up 0.3%

NYSE:PAG opened at $157.29 on Monday. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 1.67 and a beta of 0.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.22 and a current ratio of 0.99. The stock’s fifty day moving average price is $155.99 and its two-hundred day moving average price is $161.10. Penske Automotive Group has a 52-week low of $140.12 and a 52-week high of $189.51.

Penske Automotive Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Wednesday, February 25th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.38. Penske Automotive Group’s dividend payout ratio is presently 41.48%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PAG. Meixler Investment Management Ltd. acquired a new position in Penske Automotive Group in the third quarter valued at about $1,154,000. Convergence Investment Partners LLC acquired a new position in shares of Penske Automotive Group during the 3rd quarter worth about $1,157,000. JPMorgan Chase & Co. grew its position in shares of Penske Automotive Group by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 111,775 shares of the company’s stock worth $19,439,000 after buying an additional 19,561 shares during the period. Alps Advisors Inc. bought a new stake in shares of Penske Automotive Group in the 3rd quarter valued at about $5,585,000. Finally, Rhumbline Advisers increased its stake in shares of Penske Automotive Group by 15.7% in the 3rd quarter. Rhumbline Advisers now owns 58,783 shares of the company’s stock valued at $10,223,000 after acquiring an additional 7,978 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

About Penske Automotive Group

Penske Automotive Group, Inc (NYSE: PAG), headquartered in Bloomfield Township, Michigan, is an international transportation services company primarily focused on automotive and commercial truck dealerships. The company retails new and pre-owned vehicles across a broad spectrum of brands, while offering parts, maintenance, collision repair and reconditioning services. In addition, Penske provides financing and insurance products through its integrated finance and insurance operations, supporting both retail customers and commercial clients.

Formed in 1990 as United Auto Group and publicly traded since 1999, Penske Automotive Group has grown through organic expansion and strategic acquisitions to establish a network of dealerships and service centers across the United States and Europe.